Russ: This is the BusinessMakers Show, heard on the radio, and seen online at thebusinessmakers.com. This is that show where I'm always joined by the publisher to feature innovators and entrepreneurs.
John: That's right; these are the artists and the athletes of the free enterprise system. They're the ones that actually are the real creators of jobs that actually mean something to our community.
Russ: Absolutely.
John: And these people make things, create things, sell things -
Russ: Yeah.
John: - manufacture them. I mean it's just, you know, it's the kind of work force you wanna have.
Russ: Well, absolutely, you know, and when I keep hearing this banter that primarily comes out of Washington, D.C. about creating jobs and we've gotta create jobs and even the rank and file voters think that those guys up there could do something magical to create real jobs.
John: Mm-hm, yeah, you just throw money at something.
Russ: Right, they take -
John: Whether it deserves the money or not.
Russ: Yeah, they take our money that we pay them.
John: Yeah.
Russ: To just run the country and they give it to people - and those aren't real jobs.
John: No, they're not. They're created -
Russ: Yeah.
John: - 'cause there's a - it's a demand economy type company.
Russ: Right.
John: So like not market demand type company.
Russ: Right, sometimes I start thinking we're the only ones that get it.
John: I know. We may be.
Russ: Maybe so. If any of you that listen to the show also get it, please -
John: Yeah. Yeah, right.
Russ: - join us. And the way, the best way the government can help is to just quit doing what they're doing.
John: Yeah, right. We're not saying to get rid of every law and regulation, 'cause -
Russ: No.
John: - capitalism can't survive without the rule of law.
Russ: No.
John: But when you overdo it, that's what really is the problem.
Russ: Right. Right and it's gonna take a while. That's what's so goofy about the way that the media even reports. You know when they even report, "Well we gotta get back to normal," we haven't had normal since probably 2000.
John: Yeah. Right.
Russ: Partly because we had 2001. Then we had the repercussions of what the Washington guys did with the sub-prime mortgage, which ginned up the economy and people though, "Wow, this is cool."
John: Yeah.
Russ: It did gin it up. It did lower the ____ for a while.
John: It was a false economy.
Russ: Well, yeah.
John: That created a false economy and then you just can't keep giving people money that they don't have any ability to pay it back.
Russ: Exactly.
John: If they just would've left the mortgages to be mortgages -
Russ: Right.
John: - we woulda gotten through this a lot easier.
Russ: Absolutely.
John: What they did is they bundled those mortgages -
Russ: Yeah.
John: - that were toxic, combined them with mortgages that were doing okay -
Russ: Yeah.
John: - and sold them on Wall Street as secure ties investments.
Russ: Yeah, yeah. Still hacks me off.
John: I guess the - all right.
Russ: But there is a group that does make jobs happen.
John: That's right.
Russ: That's the EO Houston Group.
John: Yeah, EO, Entrepreneur's Organization.
Russ: Yeah. Yeah, when you get in front of groups like that and say, "Well how many jobs did you guys create?" The numbers get big and they're real jobs that are paid off of the gross profit from transactions of innovation that they sell.
John: That's right and that's the way it's supposed to be.
Russ: Right, EO Houston. All right.
John: EO, EO.
Russ: All right and here's today's lineup. First up, I'm gonna get to talk with Roy Marsh, a former guest on the show back in -
John: He was on the front page of our journal a couple weeks ago.
Russ: Wow.
John: He's back in town.
Russ: He's back in business, too. He was on this show like; it was like Show 25or something.
John: Yeah, we both interviewed him.
Russ: Yeah.
John: Remember that?
Russ: This is Show 366. He and his brother were founders of Everyone's Internet.
John: Right.
Russ: EV1. Extremely successful operation that turned into The Planet and then turned into another company that's really hosting thousands upon thousands of servers.
John: Yeah.
Russ: But now he's back with his new company, ESigns and he's a funny guy and a fun guy.
John: Right, yeah.
Russ: And a job creator.
John: Yeah.
Russ: Then that's gonna be followed by an interview that I had a week ago with Brian Keseloski, National Manager with Sprint. He was in Houston, Texas at the Business Matchmaking 2012 event. But first,
Russ: That's right; it's time for The BusinessMakers School of Business. Perhaps the most valuable thing that we offer to the business community, right?
John: Well we both think it is.
Russ: That's right. We don't know anybody else but -
John: Hopefully, our audience -
Russ: Yeah.
John: - appreciates what we do.
Russ: Yeah, but it's a different angle on education.
John: Yeah, business 'cause we make some of the stuff up.
Russ: Well you have to, you know?
John: Yeah, right.
Russ: Just like the news organization, it's not yours but they make stuff up.
John: Yeah, right. At least we admit it. Yeah. We shoot from the hip.
Russ: Right, right.
John: I'm ready to go. Let's do it.
Russ: All right, well we kick it off first with The Quote of the Day.
John: Quote of the Day.
Russ: And today's quote comes from Franklin P. Jones, who was a Philadelphia reporter and PR executive and humorist.
John: Oh, a humorist.
Russ: Yeah.
John: Let's see how humorous he is.
Russ: Well I - this is kinda making fun of something important but I think he does a great job. It goes like this: "The trouble with being punctual is that nobody's there to appreciate it."
John: That's right.
Russ: You get there on time and nobody else is there.
John: Nobody there. Right, yeah.
Russ: Oh, wow.
John: And everybody gets mad at you because, you know -
Russ: That's right; you're making them look bad.
John: You're making them look bad, right.
Russ: Yeah.
John: Okay.
Russ: All right and that brings us to This Week in Business History. So what happened during this June week in business history?
John: This week in business history in the year 1215, King John signs the Magna Charta at Runnymede, England.
Russ: Wow.
John: And he didn't hold up his end of it after he signed it.
Russ: Right, well what was it - was the signature itself, you know, was it debated, was it controversial or -
John: Oh, very controversial because the monarchy back in those days operated under what they call the divine right of kings -
Russ: Right.
John: - that they were made kings by God.
Russ: Right.
John: So anything they said or did was ordained by God.
Russ: Okay.
John: And anybody who disputed it was put to death or tortured.
Russ: Okay.
John: The other nobles were also subject to this lunacy.
Russ: Okay.
John: So they rebelled or threatened to rebel against it and forced King John to grant rights to the nobility that they didn't have before and that's kinda what got started.
Russ: So it was just step one -
John: It was step one, right.
Russ: Okay.
John: And that's - Robin Hood legend -
Russ: Came out of this.
John: - came, well yeah, it was during all this and King Richard was away at the Crusades and turned the kingdom over to his brother and -
Russ: Okay.
John: Okay.
Russ: All right.
John: All right, this week in business history in 1650, the Harvard Corporation, the more powerful of the two administrative boards of Harvard, is established. It is the first legal corporation in the Americas. I had no idea about that till today.
Russ: No and so we're talking about Harvard University?
John: Harvard University.
Russ: Is a corporation.
John: Yeah, right, uh-huh. Yeah.
Russ: That's interesting.
John: And they got scads of money. I mean they -
Russ: Oh yeah.
John: - it's one of the richest endowments in the United States.
Russ: Oh yeah.
John: This week in business history in 1776, the Continental Congress appoints Thomas Jefferson, John Adams - this is the dream team, here.
Russ: Yeah.
John: Thomas Jefferson, John Adams, Benjamin Franklin, Roger Sherman, Robert Livingston to the Committee of Five to draft the Declaration of Independence.
Russ: Wow. Now was that maybe like, at the time - I always try to put in the perspective of how we feel today.
John: Yeah.
Russ: Did some of these guys go, "My God, I'm on so many committees already. Why do I have to go do this, too?"
John: I don't know if it was -
Russ: Or was it the other way. "My God, what an opportunity."
John: Yeah, I think it was probably the other way.
Russ: All right.
John: At least for Jefferson, Adams, and Franklin.
Russ: Yeah.
John: Some of these other guys you never heard of.
Russ: Yeah.
John: They probably had to pad the committee -
Russ: Right. They were on the bench -
John: - to placate, like Livingston, you know, his wife was probably nagging him, "Why don't you go make something of yourself?"
Russ: That's why he was on it?
John: Yeah right. Roger Sherman, you know, it's probably the same thing.
Russ: Yeah and we don't talk about those guys, much.
John: Well, yeah 'cause you know, it's one thing to be a patriot because you wanna be a patriot.
Russ: Right.
John: It's another thing to be a patriot just because your wife is nagging you that you're a no-good, do-nothing, you know?
Russ: Well now is that part of the School of Business where we're just speculating?
John: But I'm not sure. Yeah this is - yeah, pure speculation.
Russ: Yeah. They might've been the guys whispering in the ears of Thomas Jefferson, say, "No, start it like this - 'When in the course of human events,' -
John: Yeah, right.
Russ: And he's going, "Yeah, that's a good idea."
John: Make sure you have a good punch line at the end.
Russ: That's right.
John: Okay, this week in business history in 1789, whisky distilled from maize - I guess that's corn -
Russ: Yeah.
John: - is first produced and by American clergymen. Man.
Russ: Yeah. That's interesting.
John: A clergy - yeah, a reverend, Elijah Craig, named it bourbon because Craig, the good Reverend Craig, lived in Bourbon County, Kentucky.
Russ: Well there you go. I'll drink to that.
John: The rest is hi- I'll drink to that, yeah.
Russ: Yeah.
John: Okay. This week in business history in 1834, here you go. Sandpaper, still around, right? Is patented by Isaac Fischer in Vermont.
Russ: Okay.
John: Vermont, sand paper. Where would be but without sandpaper?
Russ: Yeah, it surprises me that they wanted it, even, back in that era.
John: Yeah, we had to do something, I mean everything was made outta wood back then.
Russ: Yeah but it didn't have to be -
John: You know, I mean, they did a revolution.
Russ: - didn't have to be smooth, did it?
John: Well yeah, you didn't want splinters all over you.
Russ: Okay, all right. Good point.
John: Good point, yeah. Okay. This week in business history in 1847, Robert von Bunsen invents the Bunsen burner.
Russ: Ah, pretty important.
John: No, where would high school -
Russ: What would you do chemistry class, yeah.
John: - yeah, high school. Just think if they hadn't have been invented, there wouldn't have been any high school chemistry class.
Russ: Right. No fun at all.
John: No fun. Yeah.
Russ: Yeah.
John: I used to use mine as a flame-thrower.
Russ: Right. They were good at that.
John: They were good. This week in business history in 1920 during the US Republican National Convention in Chicago, party leaders gathered at a room at the Blackstone Hotel to come to a consensus for the candidate for the US presidential election.
Russ: Yeah.
John: Associated Press heard about it and coined the phrase, "smoke-filled room."
Russ: Oh, so maybe it really wasn't smoke-filled?
John: It could've been.
Russ: Well it probably was.
John: Blackstone.
Russ: 'Cause I think smoking was mandatory back then.
John: Yes, yeah, right.
Russ: Wasn't it? Yeah.
John: So were 32-ounce Big Gulps.
Russ: Right.
John: By the way, those are still permitted in Chicago.
Russ: Yeah.
John: Unlike New York.
Russ: Well, in Houston, Texas, too.
John: Yeah, I think you can still get them in - yeah.
Russ: Okay.
John: Yeah, you can get arrested if you drink one in New York City.
Russ: New York, yeah. No I, the smoke-filled room, that's interesting. So, you know, I bet there were some cigars being smoked. Maybe some pipes.
John: Oh, they used to - some pipes.
Russ: And some cigarettes.
John: And cigarettes.
Russ: Yeah.
John: I mean the whole gamut.
Russ: Yeah.
John: I mean it was -
Russ: Maybe that's what's wrong today. We don't really have smoke-filled rooms.
John: No smoke in the - smoke-filled rooms.
Russ: We need some.
John: Imagine what their clothes smelled like -
Russ: Oh.
John: - when they got home? Okay.
Russ: Well everybody smelled, everybody's clothes smelled of it. So you didn't smell it. You just thought that was the standard underlying -
John: Yeah, that was the new norm.
Russ: - that was the base -
John: That was the new normal.
Russ: Right, right.
John: Or something. This week in business history in 1934, Donald Duck makes his debut in the classic cartoon, "The Wise Little Hen".
Russ: Wow, well Donald - we've talked cartoons before and he was one of my favorite.
John: Yeah, I liked -
Russ: I don't know what about him it was.
John: Yeah. I liked Daffy Duck.
Russ: Wow.
John: The two ducks, I liked Daffy better than Donald.
Russ: Right.
John: But Donald was pretty good.
Russ: All right.
John: Okay. This week in business history in 1956, John Lennon, who was 15 years old, and Paul McCartney, who was 13 years old, meet for the first time as Lennon's rock group, the Quarrymen perform at a church dinner.
Russ: Wow. Well long live the Beatles or at least some of them.
John: That's right, some of them, yeah, two of them are dead.
Russ: Yeah, two of them, yeah.
John: Paul McCartney's looking pretty, pretty ripe.
Russ: Yeah, he is.
John: Yeah.
Russ: But he's doing pretty good, too.
John: He's still good, right.
Russ: Yeah.
John: Okay. This week in business history in 1963, the American Civil Rights Movement - big story, here - Alabama Governor, George Wallace stands at the door of the Foster Auditorium at the University of Alabama in an attempt to block two black students, Vivian Malone and James Hood, from attending the school. Later that day, accompanied by the federalized National Guard, they are able to register.
Russ: Well, that was a huge day and now if I remember correctly, when George Wallace was there not letting them in, I think Forrest Gump was there, too, wasn't he?
John: Yes he was. Yeah.
Russ: Yeah, yeah.
John: He was probably the one who really was able to help the National Guard -
Russ: Right.
John: - you know, federalize.
Russ: He probably went and got them.
John: He got on his cell phone and called the White House.
Russ: Right.
John: 'Cause he had been there.
Russ: Yeah, right.
John: You know he'd been to the White House.
Russ: No, he had. He's been around a lot.
John: Yeah.
Russ: You know that story is unbelievable. I remember kinda watching it on TV and probably not understanding the details 'cause I was 13 at the time but you know, I knew the National Guard was involved. I didn't know what role, you know, they - but they came back on the right side, correct?
John: Oh yeah.
Russ: And said, "Hey."
John: Yes they did. Yeah.
Russ: And did they -I mean it was just a total dismissal of the governor, right?
John: That's right, total, yeah.
Russ: Yeah.
John: They just -
Russ: Yeah.
John: And much later in his life, George Wallace went to some black church and apologized.
Russ: And admitted that -
John: Admitted he was wrong.
Russ: Wrong, yeah. That was significant.
John: Yeah. This week in business history in 1965, Bob Dylan records "Like a Rolling Stone".
Russ: What a classic that is.
John: What a classic, yeah.
Russ: I mean my sister and I, we immediately memorized the entire song.
John: Uh-huh.
Russ: If you'd like me to, I can recite it.
John: No, that's okay.
Russ: I'll recite - okay. You're right.
John: Yeah, save it for a later date.
Russ: All right.
John: By the way, have you seen pictures of Bob Dylan lately?
Russ: Not -I mean not in the last couple of years.
John: Oh, man. Oh, he looks, he looks like a shriveled up Vincent Price.
Russ: Well, no he's look - yeah, he's looked like Vincent Price for a while but he's gotta be -
John: Yeah. He's old.
Russ: - in his late 70s or maybe not that.
John: Yeah, President Obama gave him some medal.
Russ: Yeah, oh yeah.
John: Yeah. I mean that picture was just - ugh.
Russ: Yeah, oh yeah.
John: Okay, some people age well, some people don't.
Russ: Yeah, that's right.
John: You know, what are you gonna do?
Russ: Yeah.
John: Okay this week in business history in 1987 - a Cold War story here - at the Brandenburg Gate, US President Ronald Regan challenges Mikhail Gorbachev to tear down the Berlin Wall.
Russ: That took some cojones.
John: Yeah it did. Really, I mean -
Russ: I mean, even at the time I thought, you know, 'cause we'd always been brought up to fear these guys -
John: I know.
Russ: - and there he was, kinda saying, "Come on, man!"
John: Come on, man, turn -
Russ: Yeah and -
John: Even his own advisors were -
Russ: Yeah.
John: - were greatly chagrinned thinking like -
Russ: Yeah.
John: - "What the hell? What the heck is he doing?"
Russ: And then it was within, like a couple of years -
John: Uh-huh.
Russ: - that the Berlin Wall came down, right?
John: Yeah, yeah.
Russ: And that was huge.
John: Well yeah.
Russ: We forget it too quickly, sometimes.
John: And it's - I know, I know. Okay, this week in business history in 1998, Compaq Computer pays $9 billion for Digital Equipment Corporation. It was then the largest high-tech acquisition.
Russ: Yep.
John: And didn't do anybody any good.
Russ: Well, not really, you know I contend that that very successful microcomputer company, Compaq Computer Corporation, which was the fastest company in history to a billion in sales.
John: Yeah, right.
Russ: But people don't realize that. Fastest - they did $100 million their first four years in operations -
John: Yeah.
Russ: - and but it all kinda sorta changed over time when Rod Canyon was taken out of leading them.
John: Yeah.
Russ: I'm not saying if he'd stayed there, it would've been a piece of cake but man it's - they've been embroiled in controversy since then.
John: Right, mm-hm.
Russ: They made this acquisition, then HP acquired them and Carly Fiorina got thrown out.
John: Yeah, right.
Russ: And then the remnants - which I think she was a great leader -then the remnants of Compaq, which is part of HP has been in the turmoil of that board. My God, what is the deal with that board?
John: It's like a capitalistic soap opera, you know?
Russ: It is. It's got - it's kinda like a junior high, though, social club or something, man the stuff going on over there.
John: Yeah.
Russ: Anyway.
John: This week in business history in the year 2000, President Kim Dae-Jung of South Korea meets Kim Jong-Il, leader of North Korea for the beginning of the first ever inter-Korea summit in the northern capital of Pyongyang.
Russ: Well and I don't think there was much peace reached there.
John: Oh, no.
Russ: _____ _____ still loves to take potshots at them intermittently.
John: I know, I know and that _____ the South Korean President was a very pro-left leaning.
Russ: Yeah well he must've been.
John: And wanted to make - he was very conciliatory.
Russ: Yeah.
John: And you can't be conciliatory with a communist thug.
Russ: No.
John: I mean, they're just gonna walk all over you.
Russ: I know.
John: You know, okay. This week in business history in 2002, the first direct electronic communication experiment between the nervous system of two humans is carried out by Kevin Warwick in the United Kingdom. So that's -
Russ: What happened?
John: I don't know.
Russ: What did they communicate?
John: Between two nervous systems. What'd the one nervous system say to the other nervous system?
Russ: Two nervous systems walk into a bar. Don't we all communicate with our nervous systems to other people's nervous systems?
John: Well -
Russ: Like aren't I doing that right now?
John: That's right, it comes out in _____.
Russ: Yeah, my nervous system is telling my vocal chords to say to you what I'm saying and your -
John: They probably had a pair of jumper cables hooked up to their nerves, you know.
Russ: What the hell?
John: I know.
Russ: Now, now we did interview Mr. William Hurley, Whirly -
John: Whirly.
Russ: - the guy, the founder of Caddick Moon Studios, which even that name says something, but I was on the streets of Downtown Austin, Texas and he was driving his motorized skateboard with a device connected to his head.
John: Yeah.
Russ: And it would interpret, "Go," "Stop," -
John: Oh really.
Russ: - and as far as that - yeah, yeah. So I -
John: Did he have 3D glasses on?
Russ: Like mine?
John: Like yours.
Russ: No, not - he needed them and that was probably the problem.
John: Yeah.
Russ: All right and that wraps up today's history lesson?
John: Yeah, that's a mess -
Russ: Man, quite an extraordinary one, too.
John: Oh yeah, yeah.
Russ: They all seem extraordinary though, to me.
John: I know 'cause -
Russ: Yeah.
John: - 'cause they are extraordinary.
Russ: 'Cause all sorts of things happen every week of the year.
John: Everything, yeah, right. There's something happening right now.
Russ: There probably is.
John: That could be a this week in business history a year from now.
Russ: Yeah, yeah well it probably is.
John: Right.
Russ: All right and that brings us to Navigating Business Jargon.
John: Business jargon, right.
Russ: That's right, the vocabulary lesson. You've been doing quite well lately.
John: Well I, you know, I owe it all to my fine upbringing in grade school.
Russ: That's good.
John: Public education.
Russ: That's right.
John: Back when public education was a decent way to get educated.
Russ: It was they actually had vocabulary tests back then.
John: They did. Yeah, boy you flunk one of those, you got -
Russ: They had spelling tests. That's why you can spell -
John: Spelling tests.
Russ: - so well, right?
John: I can't spell worth a darn.
Russ: Well, thank God for spell check.
John: That's right, spell check.
Russ: You need to get a new spell check and plant it in your nervous system. The way this works is I go find a new word, a new phrase -
John: Yeah, right.
Russ: - a new techno speak and John, I keep it from John all week.
John: That's right.
Russ: He doesn't know and then right here, without any editing, he tries to guess the meaning of the word and he often does a good job and sometimes you even improve the meaning.
John: Yes, I come up with a better meaning.
Russ: That's right. Okay.
John: Yeah, okay.
Russ: Here we go. Today's word Rosetta stoned.
John: Rosetta stone - oh the Rosetta stone was a translation discovery, which I mean when it was discovered, then people could understand what the hieroglyphics in the ancient Egypt language was saying so it was -
Russ: Yeah, that's correct but that's not the word.
John: Rosetta - no, Rosetta. I'm just - know but I'm thinking out loud.
Russ: Oh, okay.
John: I always do this.
Russ: That's allowed.
John: I ____. So Rosetta stoned is when the, whoever - I have no idea what the word means.
Russ: Wow, you had a good basis going.
John: Yeah.
Russ: But here it is. It's one who gets so high that he or she begins to speak in a foreign language.
John: Oh, okay.
Russ: Rosetta stoned.
John: Oh, okay.
Russ: Yeah.
John: I get it, all right.
Russ: You could probably use that at some of these cocktail parties, you know.
John: Yeah, Rosetta stoned.
Russ: What's wrong with him? Well he's just Rosetta stoned.
John: Rosetta stoned. Yeah.
Russ: All right and that brings us to Dumb Moments. Do we even have one to share?
John: Yeah I got a couple, here.
Russ: Oh, that surprises me.
John: I didn't know which one to bring, here. Okay.
Russ: All right.
John: You know we always talk about these products that are out there that people can buy and -
Russ: Yeah.
John: - occasionally people discover an additional use -
Russ: Oh, absolutely.
John: - for the product that has nothing to do with the original use of the product.
Russ: Well, as an example, and we know this from the Rice Business Plan Contest, that's the way Viagra showed up.
John: That's right, yeah.
Russ: It was really for some other kinda circulatory disorder.
John: Yeah, right, yeah.
Russ: And they had these guys that all took it for the circulatory and they had a questionnaire, "Did anything else unusual happen?"
John: Yeah, right, yeah right.
Russ: And finally, they started filling in the comments section and they went, "Holy smokes -
John: Eureka.
Russ: - we've changed the world."
John: Yeah, right.
Russ: All right, so you got another one of those?
John: Well it isn't just quite as, you know, dramatic -
Russ: Well, it might be.
John: But women usually buy nail polish to remove their - or nail polish remover to remove the nail polish.
Russ: Oh yeah.
John: On their toes and fingers.
Russ: Absolutely, yeah.
John: Well this woman discovered that she could use nail polish remover to set fire to her husband.
Russ: So, is this a true story?
John: It's a true story. It happened in Tampa, Florida but, you know, the guy, so the husband or the boyfriend - the husband is so embarrassed, he refused to medical treatment.
Russ: Oh wow.
John: He just wanted her to go away, you know? He fell for it, you know?
Russ: Well you should - I think if you pay attention and your significant other's coming at you -
John: Yeah, with a bottle, a big bottle of nail polish remover -
Russ: And if she or he doesn't wear nail polish -
John: Yeah, or she yeah.
Russ: - that would be - yeah. That'd be a pretty good indication.
John: That he should run away.
Russ: Right, right.
John: All right.
Russ: So but you got another story?
John: I got another one. This is buyer's remorse for California's bullet train to nowhere. That's the headline of this story. This high speed rail was voted in on a ballot initiative by the voters of California -
Russ: Yeah.
John: - by 53 percent. This was back in 2008.
Russ: Yeah.
John: But no, since they're discovering that the project is not only $54.9 billion short of what is needed, it's also a lot more expensive to build.
Russ: Yeah.
John: It was originally projected to cost $45 billion.
Russ: Yeah.
John: To deliver the passengers between LA and San Francisco in a few hours.
Russ: Yeah.
John: By 2020.
Russ: Yeah.
John: But what they discovered, the cut by -and it was announced by the California High Speed Rail Authority - there's a fun group for you - which is overseeing this thing, this disaster, disclosed that the cost had more than doubled to $98.5 billion with a finish date of 2033. So all of a sudden, the tide has turned, these voters are thinking, you know, "We don't want this thing," but it's too late.
Russ: Whatever. They - can't they do a recall?
John: They would have to have another - and this is kind of at least a bigger issue. Some of these ballot initiatives, you know, yeah, I can see having like a bond ballot initiative -
Russ: Yeah.
John: - maybe for some school bonds or road bonds, maybe but for something like this -
Russ: No.
John: You know, people get all excited and it's why, quite frankly, it's why our founding fathers developed the checks and balances with this legislative branch, the executive branch and the judicial branch.
Russ: Yeah.
John: And why they set up the Electoral College during election. It was to keep the mob rule influence from dictating what direction the country was going.
Russ: I just don't think -
John: Which is just the problem they have -
Russ: - it doesn't work, though, in California.
John: - doesn't work. Nothing works in California.
Russ: No. In 2008, they already knew they were broke yet they - but the rank and file probably said, "I'd love to get on a train here in LA and be in San Francisco in two hours. This is great." You know?
John: It's, you know, $100 billion just so you can get to where you wanna go an hour early.
Russ: All right.
John: Doesn't make sense.
Russ: All right.
John: All right.
Russ: All right, that's great. All right, and before we wrap up today's School of Business, it's time once again for that very popular, PKF Texas Entrepreneurs' Playbook.
John: That's right. We love these guys.
Russ: Yeah.
John: Here they are.
Russ: All right and that wraps up today's School of Business. Stay tuned in for our interview with Roy Marsh, former co-founder of Everyone's Internet and now the new owner of ESigns, followed by an interview with Brian Keseloski, National Manager with Sprint. This is the Businessmakers Show, heard on the radio, and seen online at thebusinessmakers.com.
